Climate risk is hitting earnings — and more reasons company boards can’t ignore ESG factors

Some 73 major U.S. companies recorded material hits to earnings from extreme weather events in one year, while supply-chain disruptions from climate change jumped 29% over the past six years.

The report, meant as a best-practices guide for boards and steered by Veena Ramani, Ceres’ senior program director for capital markets systems, stressed the responsibility that boards hold for multiple constituents, including shareholders and the company employees. In the U.S., shareholder support for climate-related resolutions at the companies they invest in hit an all-time high of 30% in the latest proxy filing round, but whether companies are fully responding to investor-driven ESG demands remains a mixed picture at best.

Areas of recommendation in Wednesday’s report include formalizing ESG efforts rather than employing loose goals toward this end, and adhering to complete disclosure in financial filings of material ESG risk.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Activision Blizzard CEO: No 'good reason' company won't hit 1 billion users in 5 yearsActivision Blizzard CEO Bobby Kotick said the move to mobile gaming should help the video game company reach 1 billion users in five years.
Herkunft: CNBC - 🏆 12. / 72 Weiterlesen »

Nuance stock rises on earnings beatNuance Communication Inc. shares rose in the extended session Wednesday after the software company's earnings topped Wall Street estimates. Nuance shares...
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

A follow-up letter to President Trump from Yahoo Finance's editor-in-chiefI am writing to you on the third anniversary of your election for a number of reasons.
Herkunft: YahooNews - 🏆 380. / 59 Weiterlesen »

Should Fossil-Fuel Companies Bear Responsibility for the Damage Their Products Do to the Environment?Those in favor say the companies knew the damage their products were causing; those against contend that climate change is a matter for public policy, not courts.
Herkunft: WSJ - 🏆 98. / 63 Weiterlesen »